Fintech company HUB2 has completed an $8.5 million Series A funding round, led by TLcom Capital

BlockBeats News, December 5th. Financial technology company HUB2, headquartered in Côte d'Ivoire, has completed an $8.5 million Series A funding round. The round was led by pan-African early-stage investment firm TLcom Capital, with participation from FMO, Enza Capital, Bpifrance, and Thunes founder Eric Barbier.

HUB2 is dedicated to providing a unified payment infrastructure for the French-speaking African region, streamlining mobile payments, bank transfers, card payments, and cryptocurrency transactions through a single API to achieve payment interoperability.

Founder Ashley Gauzere stated that the company aims to address the fragmentation of payments in French-speaking Africa and has already served 55 fintech firms including Wave, Orange, and MTN. In the future, the company plans to introduce cross-border payments and remittance services based on stablecoins, as well as expand its market coverage in Africa.